Regulation
India fintech regulation: rules, licences and enforcement from the RBI, SEBI, IRDAI, NPCI, IFSCA and MeitY, including data protection.
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RBI presses banks to check API links with fintechs and NBFCs after hacks
The RBI has asked banks for proof of cyber compliance and for checks on the API links they use with fintechs and non-bank lenders, after a run of attacks on…
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Supreme Court says RBI rules must make banks compensate cyber fraud victims
The Supreme Court said the RBI’s draft KYC amendment directions must require banks to compensate digital arrest and cyber fraud victims, at no less than the amount lost, where due…
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Bharat Web3 Association sets up a self-regulatory body for India’s crypto sector
The Bharat Web3 Association launched a self-regulatory body for India’s virtual digital asset sector, chaired by former government secretary Rohit Kumar Singh, to set voluntary compliance rules for members.
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SEBI makes direct plans the default on mutual fund AMC apps from November 1
SEBI chairman Tuhin Kanta Pandey said direct plans will be the default on asset management companies’ digital platforms from November 1, and investors choosing regular plans must be told of…
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SEBI plans Demat 2.0 with tokenised bonds and an AI sandbox
SEBI plans Demat 2.0, with tokenised corporate bonds open to secondary-market trading, plus an AI sandbox and graded compliance for stockbrokers, its chairman said on October 24.
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RBI data centre opens in Bhubaneswar to host RTGS and NEFT
Prime Minister Narendra Modi opened the RBI’s fourth data centre, in Bhubaneswar, on October 25. It will house RTGS and NEFT and runs without third-party cloud providers.
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RBI advisory says breached bank and payment systems stay compromised until cleared
An October 19 RBI advisory tells regulated entities to treat their systems as compromised after a credential leak until forensic checks clear them.
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Artha Bharat moves two GIFT City funds to Abu Dhabi over tax rules
Artha Bharat Investment Managers IFSC is moving two of its GIFT City funds to Abu Dhabi Global Market, citing tax uncertainty and investor rules.
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IRDAI sets January 2028 for beta of its Public Insurance Registry
IRDAI chairman Ajay Seth said the beta of the Public Insurance Registry will be ready by January 2028 and defended the regulator’s distribution reform.
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RBI warns account aggregators against monetising customer data
The RBI told account aggregators to keep their data-blind design and not monetise customer data, as it prepares interoperability across the network.
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